Management Team

  • Alexander HODAC *

    Chief Executive Officer,
    Chairman of the of the Executive Committee,
    Chairman of the Investment Committee,
    Director of Nafilyan & Partners SAS.

    After having obtained a degree in business engineering (Solvay/VUB), he started his professional career at Deloitte Corporate Finance-Real Estate (2005-2013) and served as Chief Commercial Officer of the Belgian residential REIT Home Invest Belgium from 2013 till 2015. In this last function, he was responsible for the entire acquisition and disposal process of existing assets/ portfolios and development projects.

    * Mandate executed by the company AHO Consulting sprl, represented by Mr Alexander HODAC.

  • Marnix GALLE *

    Executive Chairman of the Board of Directors,
    Chairman of the Nomination Committee,
    Member of the Executive Committee,
    Member of the Investment Committee.

    Completed a “Bachelor Degree in Arts & Sciences” with Economics as a major and Law as a minor at Tulane University in New Orleans, Louisana, USA. He began his professional career at Cegos Belgium in 1987 as a consultant and made his first steps in real estate in 1989 (family portfolio) until 2002. He created his own company ALLFIN in 2001, which became one of Belgium’s leading real estate developers. ALLFIN Group acquired in 2014 a 29% stake in IMMOBEL, listed on Euronext Stock Exchange since 1863. ALLFIN and IMMOBEL merged in 2016 after which he became its Executive Chairman. He is also Chairman of Urban Land Institute Belgium (2015-2018) as well as Director, Member and Trustee of several leading European and American associations. He is married to Michèle SIOEN; they have six children.

    * Mandate executed by the company A³ Management bvba, represented by Mr Marnix GALLE.

  • Karel BREDA *

    Chief Financial Officer,
    Member of the Executive Committee.

    Before joining IMMOBEL on August 1st, 2018, he was Managing Director Middle East, South and Central Asia and Turkey for Engie Solar based in Dubai and India. After studying Applied Economics at KU Leuven and obtaining an MBA from the University of Chicago, Booth School of Business, he began his professional career in 1999 driving a few internet start-ups in Europe. In 2002, he joined GDF Suez (now Engie) where he held various leadership positions in M&A and Project Finance in Europe, Middle East and Africa. In 2011, he was promoted to become Chief Financial Officer for the South Asia, Middle East and Africa region based in Dubai and in 2014 for Engie E&P in The Netherlands.

    * Mandate executed by the company KB Financial Services BVBA, represented by Mr Karel BREDA.

  • Olivier Bastin

    CEO IMMOBEL Luxembourg.

    Began his career in the banking sector (BACOB, 1994-1995) before joining the real estate sector at Intermarché where he contributed to the expansion of the brand in Wallonia (1995-1996). In 1997, he joined Jones Lang LaSalle where he was Head of the Office Agency Department for Belgium (1997-2005) before becoming Managing Director of the Luxembourg offices of the group (2005-2011). In 2010, he combined this function with that of Head of Capital Markets for Belux. He left JLL in late 2011 to join ALLFIN as CEO of the Luxembourg entity. He owns a degree in Applied Economics (ULG, 1988-1992) and an MBA (ULG & Maastricht University, 1993-1994).

  • Sophie Grulois *

    Head of Legal Services.

    Joined IMMOBEL further to the merger with ALLFIN Group in June 2016; she served as legal counsel of the latter since 2013. Previously, she worked for 2 years at PwC - Financial Services & Real Estate (FSRE) and acquired her experience in real estate at Goodman where she worked for more than 7 years as in-house lawyer. She started her career at the bar and worked for Freshfields for 2 years. She obtained her law degree at the KUL and has a LL.M. in “International Business Law” from King’s College London.

    * Mandate executed by the company SG Management bvba, represented by Ms Sophie GRULOIS.

  • Sandrine Jacobs *

    Head of Marketing and Communications.

    Joined IMMOBEL further to the merger with ALLFIN in June 2016, where she was in charge of Marketing and Communications department since January 2015. In 2007 she integrated the real estate sector by joining the stock listed developer Atenor Group, which then began its large-scale projects and created for them its Marketing & Communications department, Corporate and projects identity. After obtaining her degree in Economic, Political and Social sciences at UCL (1997), she began her career in the field of advertising, managing for 10 years of major accounts within Publicis and DDB agencies.

    * Mandate executed by the company Happybizz sprl, represented by Mrs Sandrine JACOBS.

  • Joëlle Micha *

    Head of Corporate Affairs.

    Joined the Group in 2000 as Company Secretary of the real estate investment trust Cibix. Then, since 2007, Head of Corporate Affairs and Compliance Officer of IMMOBEL. Prior she worked as a Lawyer for Loeff Claeys Verbeke (currently Allen & Overy), as an authorised agent in a private bank (Bank Delen), and at the BFIC (currently FSMA) in the Markets Supervision department. She holds a Master in Law (UCL), a Master in Taxation (HEC-Liège), she also obtained the “Certified European Financial Analyst” qualification (ABAF) and is Member of the IPI (Owner, Broker and Trustee). She is a Company Director.

    * Mandate executed by the company JOMI sprl, represented by Mrs Joëlle MICHA.

  • Rudi op ‘t Roodt *

    Head of Technical Department.

    Joined ALLFIN in 2013 as Head of Technical Department. Since the merger with ALLFIN, he is responsible for the technical management and smooth development of all projects of IMMOBEL. He started his career at Van Roey SA (General Contractor), where, as Project Manager, he was responsible for the execution of large construction projects (industrial, hospitals, offices, hotels ...). In 1996, he became Director of the company Vernibouw / Eribel, involved in outfitting buildings. In 2006, after more than 19 years in the field of construction, he joined the real estate sector: first at CIP and CIP Luxembourg (Project Director), and later at Project T & T (Operational Director). He has a degree in Civil Engineering (KUL 1987).

    * Mandate executed by the company 2Build Consultancy bvba, represented by Mr Rudi op ‘t ROODT.


    CEO IMMOBEL Poland.

    Joined IMMOBEL in September 2017 as CEO of the Polish subsidiary. After studying at University of Warsaw, he started his career at Raiffeisen Bank in Warsaw. Afterwards he joined Cargill in Cobham (UK). In 2007, after working five years at Heitman in London and Warsaw, he joined TriGranit Development as Managing Director for Poland. Afterwards he went in a temporary partnership with ALLFIN Lux, to acquire and develop real estate assets in Poland. Formerly he served also as Consultant to Warimpex (2009-2010) as well as Chief Investment Officer and Member of the Management Board of GTC (2010-2017), two Warsaw stock listed developers. From February 2016 until the end of August 2017, he also was a Board Member of IMMOBEL.

  • Olivier Xhonneux *

    Head of Landbanking.

    Joined IMMOBEL in 2012 as Operations and Project Manager with the aim of developing and optimizing the activities of the “Lanbanking” department of the Group. In this context, he helped to develop a new strategy and targeted marketing tools for the Landbanking Department. Passionated about real estate and landbanking, he started his career at Redevco (1996-2002) as a Business lawyer in real estate management and real estate development. He then managed the project development of shopping malls by Foruminvest (2002-2010) and by City Mall (2010-2012). He holds a Master in Law (UCL), a certificate in European and International Law (Leiden - NL), and followed the program “Executive Programme en Immobilier” at the Solvay Business School. He is also a member of IPI.

    * Mandate executed by the company Avimore SPRL, represented by Mr Olivier XHONNEUX.

  • Adel Yahia *

    Chief Operating Officer,
    Member of the Executive Committee.

    Joined IMMOBEL in December 2017 as Chief Operating Officer in charge of Development, Construction, Sales and Landbanking. He worked for AG Real Estate since 2015 as Head of the Residential department and was also Co-Head of Development. Between 2010 and 2015 he worked for Matexi as Head of different business units. He began his career in 2004 as a real estate developer and also worked in real estate investment banking. He completed his law degree at KU Leuven and his Master degree in General Management (PUB) at Vlerick Management School. He obtained a Master in Real Estate (Postgraduaat Vastgoedkunde) at the KU Leuven in 2006 and graduated in 2014 from the Executive Program in Real Estate at the Solvay Business School (ULB). He lectures at the KU Leuven since 2010 and at the Solvay Business School since 2015.

    * Mandate executed by the company Adel Yahia Consult BVBA, represented by Mr Adel YAHIA.